Do you think money is the only motivating factor when starting a business?

[Sincerem]

I understand that money is very necessary for every business owner in order to make profit and earn a living as well through it. But we should always put the growth of our business first, before thinking about driving financial success. without balancing the business to reach the top level and achieve its potential, will send it crashing down.

Do you think gaining instant profit should be the top priority when starting our business?? Or wait to build it to stand strong, then expect money to flow regularly from it?

 

[Richard92]

money is not only the motivating factor to starting a business idea vision, goal and objective and also be a motivating factor for you to start a business which encourage you it makes you feel accomplish of what you have done.

 

[Philip Omotayo]

In as much as the sole aim for everyone in business is to make money. However, money should not be the motivating factor. Meeting the need of the people should be ultimate priority in business that would in turn bring about the ultimate goal of getting money.

 

[Tariq Nazir]

Money is not only the motivating factor to starting a business idea vision, goal and objective and also be a motivating factor for you to start a business which encourage you it makes you feel accomplish of what you have done. Meeting the need of the people should be ultimate priority in business that would in turn bring about the ultimate goal of getting money.

 

[Neta Sam(Samuel Odunlade)]

Money is not the only thing to consider before starting a business. You need to also consider the purpose of your business, the market for your business, proximity to your target audience and your competitors

 

[Blue house]

Money is the major factor in starting a business, everybody starts business in order to make money, but money shouldn't be the only motivating factor in business, if money is your only motivating factor, you will only thinking of how to maximize your PROFIT which might reduce the quantity of your products and that's a disaster.

 

[Mahnoor]

You can differentiate your product by offering a bonus​

If you’d like to make your product stand out among your competitors, you might try adding to your offer. It doesn’t have to eat up your profit margin, but your bonus product simply adds a little extra value to your primary product.

 

[Shayo]

Money should not be the top priority, but it should be one of the top priorities. People go into business mainly to make money, if not they would start a charity foundation instead. But for a business that's just starting, other things like reputation and customer base should come first.

 

[Psalmsavatar]

These include the following factors:

1. Desire to do something new.

2. Become independent.

3. Achieve what one wants to have in life.

4. Be recognized for one’s contribution.

5. One’s educational background.

6. One’s occupational background and experience in the relevant field.

 

[ALI25]

I understand that money is very necessary for every business owner in order to make profit and earn a living as well through it. But we should always put the growth of our business first, before thinking about driving financial success. without balancing the business to reach the top level and achieve its potential, will send it crashing down.

Do you think gaining instant profit should be the top priority when starting our business?? Or wait to build it to stand strong, then expect money to flow regularly from it?

As we know that we need money to start a business, that is why we need a lot of money before we can start a business.First we need to know about business then we can do business. We also need experience to do business.

 

[Sanusi]

I think Money is the first thing and also the bedrock of everything a human need in life, moreso you also need drive and passion towards the kind of business you want to do. Without money the idea is wasted so you need money.

 

[eenya00]

For me, money is the most motivating factor in starting a business, because I wish to get more and more of it. But for some people money is not the motivating factor in starting there business, as some would want to provide a certain goods or services for the customers.

 

[Oluwasayofunmi]

Concerning the question on Do you think money is the only motivating factor when starting a business? Money is not the only motivating factor when starting a business, there are other motivating factors, like goals, vision and so on

 

[Profwriter]

The goal of any business is to make money. Money making is what differentiate business organisations from charity organisations. To have good comfort in life, one needs money and to run a successful business you need money to hire the best capable hands too

 

[Kennysplash]

Personally I don't think profit should be the determining factor to consider when starting a business. You should think of what you are hoping to achieve with your business and the kind of impact it will make on the general public.

 

[WhiteHouse]

Let's not kid ourselves, and be honest, money is the main drive and desire of any business Person.
Even looking at the name, Business man, he's only about its Business and it's only aim is to maximize profit and get more money.

 

[Oluwagbenga]

Money is not the only motivating factor that enhance the establishment of a business ,because money without idea or some other things that will back it up is failure in the sense that money will only give rise to the business capital.

 

[Ezydan]

Money is not the only factor to be considered when starting up a business. But building the business to a productive standard is very important and it come with discipline, ideas, creativity and determination.

 

[Patrik]

not everyone is trying to be rich when making a business, some people are just willing to have a stable life with no jobs that might be so hard for them or doesn't generate enough income for their lives needs

 

[mubinadaddy]

Nope, money is not the only necessity factors to look at when starting a business, although is one of the most important. Knowledge about the business is important then money follows then you now talk of the location and strategies to use.